Road Infrastructure PPPs in Germany: Why Did the F-Modell Fail? Two Case Studies

The Warnowquerung – a tunnel project near Rostock which opened for traffic in September 2003 – was Germany’s first privately built and operated road infrastructure. Only 15 months later, in December 2004, the banks which had contributed 68 per cent of the capital, warned that a bankruptcy of the tunnel operating company would be unavoidable within one year due to the unexpectedly low number of users. A similar PPP-based tunnel project near Lübeck, the Herrentunnel, also spectacularly failed to attract the forecast number of users. In this paper, the authors will identify the causes behind the commercial failure of both projects and propose an institutional redesign of the underlying F-Modell, the PPP variant chosen for both tunnels.

• Availability:
  • Find a library where document is available. Order URL: http://www.piarc.org/en/order-library/13949-en-Proceedings%20of%20the%20XXIVth%20World%20Road%20Congress,%20Mexico%20-%202011.htm
• Supplemental Notes:
  • Abstract reprinted with permission of the World Road Association – PIARC.
• Corporate Authors:

  World Road Association (PIARC)

  La Grande Arche, Paroi Nord, Niveau 5
  F-92055 La Defense Cedex,   France 
• Authors:
  • Knorr, Andreas
  • Eisenkopf, Alexander
• Conference:
  • 24th World Road Congress
  • Location: Mexico City , Mexico
  • Date: 2011-9-26 to 2011-9-30
• Publication Date: 2011

Language

• English

Media Info

• Media Type: Digital/other
• Features: References; Tables;
• Pagination: 10p
• Monograph Title: 24th World Road Congress Proceedings: Roads for a Better Life: Mobility, Sustainability and Development

Subject/Index Terms

• TRT Terms: Bankruptcy; Case studies; Infrastructure; Public private partnerships; Vehicular tunnels
• Geographic Terms: Germany
• Subject Areas: Administration and Management; Bridges and other structures; Finance; Highways; I10: Economics and Administration; I20: Design and Planning of Transport Infrastructure;

Filing Info

• Accession Number: 01500422
• Record Type: Publication
• ISBN: 2840602679
• Files: TRIS
• Created Date: Dec 3 2013 9:11AM